SpartanNash: LIFO Adjustments, A Step Too Far [Seeking Alpha]
SpartanNash Company (SPTN)
Last spartannash company earnings: 2/19 04:05 pm
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US:NASDAQ Investor Relations:
spartannash.com/investors
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Source: Seeking Alpha
Some of the adjustments made in arriving at adjusted non-GAAP results appear difficult to justify, leading to a question mark over the level of reported non-GAAP EPS. A wait and see approach is likely appropriate, to ascertain if management's optimism about future growth can be realized. Investment Thesis In my article published September 29, 2021, I wrote, At current share price SpartanNash Company ( NASDAQ: SPTN ) offers an attractive 3.79% dividend yield. The current P/E ratio of 9.29 is below its historical levels of around 10.0 to 10.5. Unfortunately, SA analysts' EPS estimates indicate a decline in EPS through end of 2023, so any change in P/E ratio is more likely to be a decrease than an increase. With a prospect for declining EPS and declining P/E ratio causing further share price declines, total returns through end of 2023 could be negative, despite the dividend yield. I believe there will likely be opportunities in the fourth quarter for lower stock prices across th
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SPTN
News
- SpartanNash Expands Our Family® Scholarship Program to Celebrate Community-Engaged Students [Yahoo! Finance]Yahoo! Finance
- SpartanNash Expands Our Family® Scholarship Program to Celebrate Community-Engaged StudentsPR Newswire
- The past year for SpartanNash (NASDAQ:SPTN) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- SpartanNash 'Ramps Up' Plastic Bag Recycling for Earth Day [Yahoo! Finance]Yahoo! Finance
- SpartanNash 'Ramps Up' Plastic Bag Recycling for Earth DayPR Newswire
SPTN
Earnings
- 2/15/24 - Miss
SPTN
Analyst Actions
- 2/16/24 - TheStreet
SPTN
Sec Filings
- 4/15/24 - Form PX14A6G
- 4/10/24 - Form DEF
- 4/10/24 - Form ARS
- SPTN's page on the SEC website